NIO has received additional state-owned assets.
According to Tianyancha, on February 1st, Hefei NIO Industrial Development Equity Investment Partnership Enterprise (Limited Partnership) underwent an industrial and commercial change, adding Anhui Province Mixed Ownership Reform Fund Co., Ltd. (hereinafter referred to as "Anhui Mixed Ownership Reform Fund"), Changshu Southeast Industry Investment Co., Ltd., and China Construction Bank's subsidiary, China CITIC Navigation Strategic Emerging Industry Development Fund (Limited Partnership), as partners. Meanwhile, the investment amount of the partnership enterprise increased from RMB 900 million to RMB 3.08 billion, an increase of approximately 242.22%.
The reporter noticed that the actual controller of Anhui's mixed ownership reform fund is the State owned Assets Supervision and Administration Commission of Anhui Province. The Anhui mixed ownership reform fund has contributed 300 million yuan, with a contribution ratio of 9.7403%. In addition to the provincial level, investment platforms under the state-owned assets of Wuxi, Jiangyin, and Changzhou have also participated in this investment.
According to the data, Hefei NIO Industrial Development Equity Investment Partnership Enterprise (Limited Partnership) was established in December 2021, with the executive partner being NIO's subsidiary, Hefei NIO Industrial Investment Center Partnership Enterprise (Limited Partnership). Its business scope includes venture capital, equity investment through private equity funds, investment management, asset management, and other activities.
NIO and Anhui State owned Assets Jointly Build 1000 Exchange Power Stations
The reporter noticed that NIO and Anhui State owned Assets have been deepening their cooperation in recent times. Not long before this investment, NIO announced cooperation with Anhui Energy Group and Anhui Traffic Control Group to jointly promote the construction of an open and shared storage, charging, and swapping system, and to cooperate in promoting the construction of 1000 integrated storage, charging, and swapping power stations.
On January 11th this year, NIO and Anhui Energy Group, Anhui Traffic Control Group and other parties jointly established Zhongan Energy (Anhui) Co., Ltd. (hereinafter referred to as "Zhongan Energy"), which was officially unveiled in Hefei. After the unveiling ceremony, Anhui Energy Group, Anhui Traffic Control Group, and NIO signed a strategic cooperation agreement to jointly promote the construction of an open and shared storage, charging, and swapping system. The cooperation between all parties will be carried out on the platform of Zhong'an Energy in the future.
According to the agreement, all parties will support China Energy to orderly promote the construction of 1000 integrated battery swapping stations, jointly promote the layout of open and shared new energy vehicle battery swapping networks, and further promote the openness and interoperability of battery swapping networks. In addition, the three parties will also carry out comprehensive and multi-level deep strategic cooperation in battery standards, charging and swapping technology, battery asset management and operation, new power system cooperation, and supply chain cooperation related to the production and manufacturing of storage, charging and swapping equipment in the storage, charging and swapping industry.
According to the data, Zhongan Energy was established on December 25, 2023, with a registered capital of 1.6 billion yuan. Its largest shareholder, Anhui Energy Group, holds 31.5% of the shares, while its second largest shareholders, Guoxuan High tech and Wuhan NIO Energy Co., Ltd., each hold 19.25% of the shares. In addition, Anhui New Energy Vehicles and Intelligent Connected Vehicle Industry Fund, Anhui Natural Gas, and Anhui Wanneng Capital Investment Co., Ltd. all hold shares.
Li Bin: Hefei rescued NIO from the intensive care unit
NIO has an inexplicable bond with Anhui and Hefei. At the 21st Annual Meeting of Chinese Enterprise Leaders in December 2023, Li Bin, founder, chairman, and CEO of NIO, stated that NIO's life was on the line in 2019, and it was Hefei that rescued NIO from the intensive care unit.
At the beginning of 2020, NIO Auto's stock price plummeted to near the $1 delisting red line in the US stock market due to poor financing. At that time, NIO Auto approached 18 cities to discuss taking over, but all were rejected.
Hefei City promptly extended a helping hand to NIO. In April 2020, NIO signed a final agreement with strategic investors such as Hefei Construction Investment Holdings (Group) Co., Ltd., China Investment Investment Management Co., Ltd., and Anhui High tech Industry Investment Co., Ltd. to invest in NIO China, and reached an agreement with Hefei Economic and Technological Development Zone to settle NIO's headquarters in China.
According to the investment agreement, strategic investors are investing 7 billion yuan in NIO China. NIO injects core businesses and related assets within China, including vehicle research and development, supply chain and manufacturing, sales and services, energy services, into NIO China's legal entity, NIO (Anhui) Holdings Co., Ltd. Meanwhile, NIO invested 4.26 billion yuan in NIO China. After the completion of the transaction, NIO holds 75.9% of the controlling shares in NIO China, with strategic investors holding a total of 24.1% of the shares.
According to the agreement signed between NIO and Hefei Economic and Technological Development Zone, NIO will establish a Chinese headquarters in Hefei Economic and Technological Development Zone, establish an integrated base for headquarters management, research and development, sales services, and supply chain manufacturing, and timely initiate the planning and construction of the second manufacturing base. Hefei also provides comprehensive support for the establishment of NIO China headquarters and the subsequent construction of research and manufacturing bases.
And Hefei is also known as the best "investment bank" for investing in NIO automobiles. Yu Aihua, Deputy Secretary of the Anhui Provincial Party Committee and Secretary of the Hefei Municipal Party Committee, stated in an interview with CCTV that the success of investment in Hefei relies on craftsmanship, not luck. Before investing in NIO, Hefei conducted an in-depth investigation and arranged four fronts to make decisions on the investment. This included commissioning an expert technical team to assess NIO's technology, products, and supply chain, researching national policy guidance and support for battery swapping models, conducting due diligence by legal and financial departments on the enterprise, and conducting business negotiations with NIO.